Intact Gold 2.8-million-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 25, 2016.
Number of shares: 2.8 million shares
Purchase price: 12.5 cents per share
Warrants: 1.4 million share purchase warrants to purchase 1.4 million shares
Warrant exercise price: 17.5 cents for a two-year period
Number of placees: 25 placees
Insider: Anthony Jackson, 100,000
Finders’ fees: $312.50 payable to Canaccord Genuity Corp., with 2,500 warrants exercisable at 17.5 cents for two years; $2,500 payable to Mackie Research Capital Corp., with 20,000 warrants exercisable at 17.5 cents for two years; 10,400 warrants issuable to Lou Chen, exercisable at 17.5 cents for two years.
The company issued a news release on May 18, 2016, confirming closing of the private placement. Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.